The price of oil spiked to a fresh yearly high ($130.50) in March. Current market conditions may lead to higher crude prices as expectations for strong demand are met with indications of limited supply. more...
BoE rate expectations remain aggressive. Looking ahead to next week, with little on the domestic front, the ebb and flow of risk appetite will dictate price action for the Pound. Meanwhile, upside is likely to persist for GBP/JPY heading into month-end. more...
Australian Forecast: Australian Dollar Could Face First RBA Rate Cut Since August 2016 The Australian Dollar heads into a new week battered by more feeble data and with more to play for at an RBA meeting than usual. GBP Forecast: Sterling (GBP) Price Outlook: Brexit Anger May Dampen Sterling Strength UK politics look set to re-assert themselves and Sterling is very likely to suffer. ...
Crude oil dipped 1.17 percent to $62.15/bbl over the last 5 trading days, inking back-to-back weekly losses for the commodity. The primary driver of recent downside could be attributed to reports from the EIA that crossed the wires during Thursday’s session which stated US crude stockpiles skyrocketed 9.9m/bbl to their highest level since September 2017. Ballooning crude oil production in the US now tops 12m/bpd and largely contributed ...
What is RSI (Relative Strength Index)? RSI (Relative Strength Index) is counted among trading's most popular indicators. This is for good reason, because as a member of the oscillator family, RSI can help us determine the trend, time entries, and more. The Relative Strength Index (RSI) was developed by J. Welles Wilder to measure the speed and change of price movements. RSI oscillates and is bound between zero and 100. There are ...